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The Effect of Materials Management on the Profitability of an Organization

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The Effect of Materials Management on the Profitability of an Organization


This page presents an excerpt of the available research material, including the Preliminary Pages, Table of Contents, Abstract, Chapters One to Five, and References. It provides a comprehensive overview of the study, enhancing readability and accessibility for students, and researchers seeking complete material on “The Effect of Materials Management on the Profitability of an Organization”.


ACKNOWLEDGEMENT


I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Business Administration and Management (BAM) for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on The Effect of Materials Management on the Profitability of an Organization provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.




PRELIMINARY PAGES


CHAPTER ONE

INTRODUCTION


    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”





    Introduction

    Materials managements is a salient or the projecting part but an important function in any manufacturing company, whether service or production industries. Where proper attention is according to this very important function in an organization, the result is laudable or commendable.

    In materials management today, the major challenge that material managers are faced is maintaining a consistent flow of materials for production. There are many factors that inhibit the accuracy of inventory which results in production shortages, premium freight, and often inventory adjustments. The major issues that all materials managers face are incorrect bills of materials, inaccurate cycle counts, unreported scrap, shipping errors, receiving errors, and production reporting errors materials managers have striven to determine how to manage these issues in the business sectors of manufacturing since the beginning of the industrial revolution. Although there is not known methods that eliminate the aforementioned inventory accuracy inhibitors, there are best methods available to eliminate the impact upon maintaining interrupted flow of materials for production.

    One challenge for materials managers is to provide timely releases to the supply base on the scale of worst to best practices, sending releases via facsimile or file for the worst practice and transmitting releases to the supplier based web site is the best practice, why? The flaw in transmitting releases via facsimile or file is that they can get lost or even interpreted incorrectly into the suppliers system resulting in a stock out. The problem with transmitting and releases system capable of receiving the product information. The best practice is to transmit and release goods to a common supplier.


    1.2 Background Of The Study

    Materials management is defined as placing organizing and controlling of the flow of material from the initial purchasing through the internal operation to the distribution of finished goods. From the above definition one clearly understands that the function of materials management embraces, purchasing of buying of materials, control via production and inventory management.

    This includes receiving, shipping, materials handling, counting and inspection warehousing and distribution.

    Materials management is a field of management that focuses on all aspect of obtaining and handling the tangible inputs and outputs of production processes material management includes responsibilities such as procurement, waste disposal, hazardous materials, accountability quality assurance and control, setting standards, and cataloging inventory also called materials planning.


    1.3 Statement Of The Problem

    Materials handling in manufacturing organization is an important aspect of production process many companies engage diverse strategies to achieve organizational goals through materials management. The control of materials handling as it affect champion breweries Nigerian plc is the unavailability of materials in stored and proper reconciliation of possible loss to business through interruption of production or failure to meet orders with the handling cost of stock.


    CHAPTER TWO

    LITERATURE REVIEW


    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …


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